However, you only have one transaction on your trust list. More transactions are required to increase the trust. Not always. I have never seen a loan request by a hero or sr member that got rejected because of lack of transaction history. For some reason, people think that no one would want to "lose" a high level account, despite the fact that these accounts have no inherent value. They may have no "inherent" value, but they have: - High cost to create: hundreds of non-spam posts spread fairly evenly over a long period of time - Non-zero resell value However, can you point to an accepted loan request by a hero member who had no transaction history? I can't even find a hero member asking for a loan request. However, my statement was that I've never seen a hero get rejected. I think that the burden of proof is on you. |
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Unfortunately I'm not interested in buying, but I would suggest selling your "free" games and then offering Worms and Cannon Brawl as the freebies. Your current bonus games are more popular than the ones you're trying to sell.
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Okay!
So, i understand, a newbie has to keep the browser open for 4 hours.
It is enough time to get informed about the stuff in newbie section, right?!
Let's get started, then.
Also, i wish you all newbies who come after me a great time on this friendly forum!
Cheers
It's not just keeping the browser open. You must click links in order to increase your time online. Otherwise you're labeled as inactive and the time spent on the forum doesn't count. |
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The Republicans need to quit trying to "reach across the aisle" and work with the Democrats. The Democrats will whine and piss and moan and cry until everything is their way.
The Republicans need to grow some balls and take over and get things back on track like what Reagan did in the 80's.
No marriage for fags, more segregation, stop trying to put new names on everything and politically correct words everywhere you look.
I could go on, but you get the idea.
Yeah I agree. Let's segregate the brain-dead bigots from actual human beings. |
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i think, you need to wait online (being logged in) for ~60 minutes and make 5 posts!
It's 1 post and 4 hours. And you cannot simply be logged in. You have to keep clicking links or else your time will not count. |
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Luke, seriously you wish to become a politician? Not really, but someone has to do it, and generally anyone who wants to isn't a good choice.
What? Don't you want to? Last time I checked you weren't forced into the role. Are you saying you're a bad choice. |
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gox price is irrelevant.
do you have some more breaking news?
since its biggest trade website,it should reflect the situation on bitcoin.i think that many buyers refer it as a flag... No, bitstamp is the biggest trading website. And you can't withdraw from Gox so even if BTC were worth 1,000,000 there you'd still get nothing from the site. |
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Did they really name their organization CCTV? Wow.....
No, they didn't. "CCTV" is not written in Chinese. But I don't see why it matters anyways? |
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^I'd say everything that comprises bitcoin right now is much more than 1B, ie the Network. Market cap (ie shares*$spot) does not equal valuation.
For one, you cannot sell 11.5M bitcoins for $1B at market. Slippage. Same thing with buying $1B. You can't just raise the price 100% doing that, the price would be much much higher. Might be more cost effective to buy a mining monopoly instead.
In that case, the market cap is far more than the actual value (hence the term "cap). If there was a major sell, the price would drop. So realistically, the BTC economy is worth less than the 1.3 billion that it is valued at. |
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However, you only have one transaction on your trust list. More transactions are required to increase the trust. Not always. I have never seen a loan request by a hero or sr member that got rejected because of lack of transaction history. For some reason, people think that no one would want to "lose" a high level account, despite the fact that these accounts have no inherent value. |
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Seashells do not fall under barter law, they do not have value.
Of course they have value. Everything has value. Rocks have value. A sack of shit has value. It's just a question of how much value these things have. No, you do not have to pay taxes on rocks you find, or sacks of shit (unless that sack of shit came from a store and is meant to be fertilizer) You are getting ridiculous. You don't have to pay a tax on a rock if you find it and do nothing with it. But if you use that rock as currency and buy something with it, or sell it for money you will get taxed. |
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The only guns that should exist are the ones that cannot be used to assault
What gun would that be? I can assault someone with a Dora the explorer squirt gun if I keep hitting them hard enough. Guns are inanimate objects and are incapable of assault. Only people commit assaults, and they should be charged for it. No, you cannot kill someone with a Dora the explorer squirt gun, no matter how hard you pull that trigger. There is a difference between an AK-47 or other assault rifle and a squirt gun. |
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isn't flickr intended more for personal stuff? (i would prefer self-hosted owncloud in this case anyway)
i see imgur as just a "tool" for uploading and linking arbitrary (public anyway) images, and the right tool at that for this purpose (although they offer accounts too)
This is what I thought too. I never use Flickr, but the only time I use Imgur is to upload images to places that I need a link to upload (such as this forum). I don't have an account and don't have anything saved on there. |
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I'd assume that government "size" has to do with regulations/power, correct? Wrong. It is necessarily based on an objective quantitative measure (you might be unfamiliar with such concepts if you are a touchy0felly type of analyst), percentage of GDP. The "chinese miracle" you are getting all excited about many holes in it when put under the microscope, not the least of which is that the govt. is the only entity producing economic numbers ... and happens only in pockets of there economy (foreign corporate factories) where the authoritarian govt intentionally gets out of the way and allows the free market to work (usually through kickbacks and working around the central govt laws rather inside them). So you're going by percentage of GDP? That measure makes no sense. If a country spends 100% of its money on the government and still has a GDP of 10 trillion then it has a large economy and a "large" government. Another country could also spend 0% of its money on the gov't and have a small GDP and small government. I honestly do not understand what you mean by "big" or "small" governments then. I orginally assumed it meant regulation, since that makes sense, and theoretically a command economy would yield less growth and be more restrictive. But apparently you're going by percentage of GDP spent on government, which seems to have less correlation. Edited because my post didn't make sense. |
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Joe had $1000, he bought 100 bitcoins at $10. After one year, he sold them for $1100 at $11. He spent $100 and reinvested the rest $1000 back into bitcoin
Only 10 bitcoins were actually sold from him the second year, and 9 bitcoins will be sold from him the year after, etc... He will be able to spend $100 year after year, like a 10% interest earned forever
So, if everyone sell 10% of their purchased coins per year, and the number of coins per day is decreasing by 16% per year (50% every 4 years), the coin supply will still derease by 6% per year
This means, with a good cash out strategy (sell 10% of coins each year), people could keep making profit while maintain the deflation trend of bitcoin, thus price will appreciate continuously, at least 6% per year
In above case, Joe only buy once and keep cashing out year after year, so averagely each year there should be 1.04x more people to buy bitcoins (if every one spend only $1000 like Joe), in order to keep the 10% price appreciation (together with a 6% decrease in supply)
If the price appreciation speed is higher, say 100% per year, Joe can still keep this 10% cash out strategy, but the second year he will have much higher amount to spend, and that will also require 2x number of new joiner to support the higher bitcoin price
What if Joe decided to purchase $1000 worth of coins each year until he retire after 30 years? Same, but price appreciation speed will be much higher during those 30 years because of constant buying support and no sell pressure from him. He would have accumulated so much coins during those 30 years, and when he start to spend 10% of them, he will cause a large increase in coin supply, but his profit will be bigger since he reinvested all the returns back into bitcoin during those years
No matter one year or 30 years investment period, after Joe quit, if there is another Joe start to invest in bitcoin, the demand for bitcoin will not reduce, just like a pension fund, Joe's children and grand children will join it one after another, so long term wise this is sustainable
With many different investors that holding from 1 year to 30 years, and different start time, the sell pressure will be more evenly distributed, if all of them hold a strategy of cashing out no more than 10% each year, then they will all benefit from the investment
So, it is easy to see, even the underlying bitcoin economy does not grow at all, just because bitcoin's deflation nature, it will become a perfect medium for saving and investment
If bitcoin's supply can be arbitrarily changed like fiat money, then all of these won't work at all
I don't get this logic. Your evidence for bitcoins appreciating forever... is that they appreciate forever? Why did the price of bitcoins increase from 10 to 11 in the first few lines? In order for Joe to make money, someone has to be willing to buy bitcoins for more than what they used to be worth... Who would buy bitcoins at the highest they've ever been? |
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The point is thus: if you don't like it, you can always leave, and create another forum where there is less censorship. If enough people like that new forum, they'll flock to it. Otherwise, they'll stay here. I don't think this is nearly as big a deal as people are making it out to be. This site is supposed to be about freedom, and so far the only freedom here is for scammers.
Does theymos even own this site? Someone gave him admin rights and a next there was Coup?
Honestly trying to scam, and banning people for no reason, that's a shitty admin.
You're mistaken; this site is supposed to be about Bitcoin. Take my advice above, if you're so offended. Just like people say create a new bitcoin foundation some things just can't be done that way. First off this is the official bitcoin discussion forum, and as a bitcoin user I am entitled to my opinion. As I have said before hundreds of times, bitcoin really means you only have one opinion and if you don't like it, then everyone turns on you. It is sad. Also Theymos hasn't posted in this thread is he a scared? Cause we are right. Do VIP's really get special treatment? Yes look at all the trolls who are VIP's. This forum is corrupted! Bitcoin is decentralized. There is no "official" bitcoin forum. You are entitled to your opinion, but it is nothing more than an opinion. Complaining will do absolutely nothing unless Theymos has a change of heart, which I don't think he will. |
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I am sending this loan after I post this.
.30 to 1JHAECJBamL5RcAhUGzce1b6X2ZaMyizg8 from my address 1xyyj3tb3To4TTdqcsVDvjfaZR5hxpGSQ
Bitstamp has confirmed the transaction. Still waiting for it to appear in the blockchain.
LOL This gun b gud.  Even if I get scammed, at least I'll be able to put legitimate negative rep. And it's only $30 anyways. Trust me, even if you don't get scammed this time, the OP is most likely a scammer. Btw, if you want to donate $30 to me, the address is on my profile.  Looking at the transactions of that address, OP certainly has the means to pay it back. Not paying it back would be pointless, since .30 is worth much less than what he could get through being trusted. |
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I think virwox allows buying lindens with Bitcoin
It does, one of the ways to buy BTC with credit card or paypal. Fees are high and spreads arent great either. I don't know about the fees. I just paid $130 for 1.15 BTC. That's $113 a BTC when Mt. Gox is 119 currently. |
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I am sending this loan after I post this.
.30 to 1JHAECJBamL5RcAhUGzce1b6X2ZaMyizg8 from my address 1xyyj3tb3To4TTdqcsVDvjfaZR5hxpGSQ
Bitstamp has confirmed the transaction. Still waiting for it to appear in the blockchain.
LOL This gun b gud. Even if I get scammed, at least I'll be able to put legitimate negative rep. And it's only $30 anyways. |
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